secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001104659-22-063364
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Commercial Real Estate raises ~$103.1M in 7M-share public offering
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- Underwriting agreement signed May 17, 2022 for 7,000,000 shares of common stock; underwriters granted 30-day option for 1,050,000 additional shares.
- Offering closed May 20, 2022; net proceeds approximately $103.1 million after estimated expenses.
- Joint book-running managers: Morgan Stanley, Wells Fargo Securities, Citigroup Global Markets, UBS Securities LLC.
- Company agrees to 30-day lock-up on share issuances without underwriter consent, subject to exceptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000110465922063364/0001104659-22-063364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000110465922063364/tm2214264d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-063364

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